Bandhan Bank is currently 76.58% down from it's lifetime high at a time when all the indices are at their peak. It is currently highly undervalued and I do not see the stock going down any further from this price point. The company is showing constant profits and the sales have been increasing. The share should be at around 500 levels at least. Do share your views...
this stock is now near to its support levels...
we have a chance of inverse head and shoulders in this stock...
wait until price creates a right shoulder...to continuation up to 320 levels.
Enter only after confirmation, otherwise it leads to breaks the support and goes down.
stock is strong downtrend
its one of theweakmost names in banking space
with banking index trading near all time high
this stock is at 52 week lows and not just that but at 3 year lows
such stocks are ideal sell candidates fr trading and expect a heavy downmove here with a stop above 232 mark
Bandhan Bank is trading near it's support zone and looking good when it comes to Risk & Reward. Buy in small qty @ 214 and add if comes lower until sustains above 180 on the closing basis.
Happy Trading!
Bandhan Bank Ltd. is a banking and financial services company present in 35 out of 36 states and union territories of India, with 6,140 banking outlets and 3.07 crore customers. The Bank provides range of personal, business and NRI banking facilities.
Bandhan Bank CMP is 243.40. The Negative aspects of the company are declining cash from operations annual and...
As per analysis, NSE:BANDHANBNK is trading at demand area of 217 and respect's support level of 210. This could be best risk and reward opportunity to go long at level of 217 with strict stop loss of 295 (-22). My expected upside target would be 247 (+30) & 264 (+47). It mat take 6-9 weeks to get upside levels.
Note: This is my personal analysis, only to learn...
Bandhan Bank Elliot Wave Analysis
Bandhan Bank Complete wave 1 upside or 2nd Wave downside complete or complete 62% retracment and again start 3rd wave upside target 300
1.weekly time frame brokout and retested the breakout zone
2. 15 min higher volume and positive divergance
3. making falling wedge may give breakout and give proper entry
Bandhan Bank history will repeat it self 🧐🧐🤔 , will Bandhan Bank bounce back or we will see a breakdown from head & shoulder pattern ? What do you think about it?
Today Bandhan Bank has given a breakout. As I said earlier, if it break the trend upwards then you can buy with a target price of 400. Tomorrow on 19th Nov their is a chance of gap up opening for Bandhan Bank.
#BANDHANBANK after QoQ result stock was falling but got the support over 20EMA. Forming the symmetrical triangle pattern on 15 min Chart.
Showing Bullish result in Technical Parameter:
CCI is treading UP
RSI is treading UP
Stoch %k crossed above %D
DI+ is treading above DI-
Got support over Bolinger Band mid line
ATR is decreasing and now below 20
Short...
Bandhan Bank said it has seen an improvement in repayments by microfinance borrowers and collection efficiency has improved to 70% in value terms.
Since 5 session stock is showing +ve movement while Today saw High Trade and Delivery with good volume, Because of this stock crossed the 200EMA and touched the 200SMA but closed below 200SMA.
Showing BULLISH in all...
